Recently, the NulleX project has split up due to an internal conflict within the team. That quest was completed on October 1, when the Liberty Dollar was first issued.
View the Brochure. Welcome to the Liberty Dollar: Remember when gas was only cents a gallon? You could take a dollar down to the gas station and buy four gallons for a buck! At that time our dollar was backed by silver - real money.
That same amount of silver still buys four gallons of gas today! That just proves that real money like gold and silver holds its value and it is the US dollar that buys less and less. As a matter of fact, when you think about it, you realize that gas, food, and almost everything else has NOT gotten more expensive. It only seems that way because the value of the US dollar is worth less and less so it takes more and more of them to buy the same goods and services.
Most people think prices have gone up, but actually: Years later I have created this website so you can see what is happening to your money and protect your purchasing power from the coming inflation.
Of course, this is a big job, so I am asking for your assistance. Look at these charts by the US government. The national debt has climbed to alarming levels since the Federal Reserve was created in Treasury, Bureau of the Public Debt. As the National Debt has risen, your "money" has lost its Purchasing Power. The more "money" the Federal Reserve creates - the less your "money" buys. The apparent stabilizing of the dollar , then, might let some air out of the currency down under.
In , the winter of despair was followed by the spring of uncertainty. For now at least, they are responding by dumping emerging market currencies.
As you can see from the chart above which shows a cross-section of emerging market forex , most currencies peaked in the beginning of May and have since sold-off significantly. If not for the rally that started off the year, all emerging market currencies would probably be down for the year-to-date, and in fact many of them are anyway. Still, the returns for even the top performers are much less spectacular than in and There are a couple of factors that are driving this ebbing of sentiment.
First of all, risk appetite is waning. Over the last couple months, every flareup in the eurozone debt crisis coincided with a sell-off in emerging markets. Some analysts believe that because emerging economies are generally more fiscally sound than their fundamental counterparts, that they are inherently less risky.
Unfortunately, while this proposition makes theoretical sense, you can be assured that a default by a member of the eurozone will trigger a mass exodus into safe havens — NOT into emerging markets. While emerging market Asia and South America is somewhat insulated from eurozone fiscal problems. On the other hand, they remain vulnerable to an economic slowdown in China and to rising inflation. Melanie Kramer Sep 09, Instead, Bitcoin is following the downward trend of these currencies.
Mourdoukoutas believes that Bitcoin BTC 0 0 is following the crash of emerging market currencies like those in countries like Turkey and Argentina.
These countries have massive US dollar debts, and their home investors are seeking new opportunities to protect their wealth. Instead of looking to Bitcoin and other cryptocurrencies as a new investment vehicle as some might expect, these investors are looking elsewhere. This includes traditional investment opportunity of gold.
What do you think is the cause, and what next for Bitcoin?